kirkydu (83.15)

February 2009

5

While I've been generally bearish for a long time (evidence caps score I suppose), colleagues call me a perma-bear, I think the time for dispair is behind us. While I don't foresee any major economic rebound in the U.S. anytime soon, I think it is likely we are about to settle into a "nice" stagflation for quite a few years (read my previous blog). While that is not a sexy thought by any means, for investors it shouldn't be so bad. I'm not going to go into detail why I think this, as it's out there already if you look around. [more]